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2721 Raymond Avenue

Los Angeles (City), CA 90007
  • $1,025,000
  • STATUS: Active
  • ON SITE: 201 Days
  • MLS #: DW24181579
UPDATED: 28 min ago
$1,025,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1923
County:

School Ratings & Info

Listing Agent(s): Yvette Geater of Century 21 Masters (909-595-6697)


Description

Charming Four-plex in Amenity-Rich Congress North, Los Angeles!!! Located in the vibrant Congress North neighborhood of Los Angeles, this well-maintained Four-plex is a fantastic opportunity for both investors and owner-occupants. The area is renowned for its abundance of amenities, with markets, coffee shops, and more just steps away. This multi-family property features four spacious one-bedroom units, each boasting original hardwood floors and large windows that flood the interiors with natural light. Tenants will appreciate the paved parking space and the propertys excellent upkeep.Positioned near the University of Southern California, this location offers exceptional convenience for students and faculty. The property is also just a short drive from the newly constructed SoFi Stadium and the Clippers Basketball Arena, making it a prime location for sports enthusiasts and entertainment seekers alike. Whether youre looking to live in one unit and rent out the others, or fully capitalize on its rental potential, this property provides incredible flexibility and opportunity in one of LAs most desirable and fast-growing neighborhoods.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-27T18:36:01.77. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
www.desertareahomesforsale.com/homes/154808136
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2721 Raymond Avenue Los Angeles (City), CA 90007

  • Price: $1,025,000
  • Status: Active
  • On Site: 201 Days
  • Updated: 28 min ago
  • MLS #: DW24181579
0
Beds
0
Baths
0
½ Baths
0.15
Acres
1923
Built
Neighborhood:
PHHT - Park Hills Heights
County:
Los Angeles
Area:
PHHT - Park Hills Heights
Property Description
Charming Four-plex in Amenity-Rich Congress North, Los Angeles!!! Located in the vibrant Congress North neighborhood of Los Angeles, this well-maintained Four-plex is a fantastic opportunity for both investors and owner-occupants. The area is renowned for its abundance of amenities, with markets, coffee shops, and more just steps away. This multi-family property features four spacious one-bedroom units, each boasting original hardwood floors and large windows that flood the interiors with natural light. Tenants will appreciate the paved parking space and the propertys excellent upkeep.Positioned near the University of Southern California, this location offers exceptional convenience for students and faculty. The property is also just a short drive from the newly constructed SoFi Stadium and the Clippers Basketball Arena, making it a prime location for sports enthusiasts and entertainment seekers alike. Whether youre looking to live in one unit and rent out the others, or fully capitalize on its rental potential, this property provides incredible flexibility and opportunity in one of LAs most desirable and fast-growing neighborhoods.
Exterior Features

Architectural Style Mid-Century Modern Construction Materials BlockDrywallGlassHardboardConcreteStucco Direction Faces East Entry Level 1 Entry Location West Exterior Features LightingRain Gutters Fencing BlockChain LinkGood Condition Foundation Details Raised Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 4 Open Parking Spaces 5 Parking Features Assigned Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved Roof Shingle Spa Features None Spa YN No View City LightsNeighborhood View YN Yes

Interior Features

Accessibility Features Accessible Doors Appliances Gas RangeGas Water HeaterRefrigeratorWater Heater Common Walls 1 Common Wall Cooling None Cooling YN No Door Features Insulated Doors Fireplace Features None Fireplace YN No Flooring LaminateWood Heating Wall Furnace Heating YN Yes Interior Features Built-in FeaturesBalconyCeiling Fan(s)Crown MoldingStorageAll Bedrooms UpAll Bedrooms Down Window Features DrapesWood Frames

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cable Tv Expense 0 Cap Rate 4.5 Common Interest None Community Features ParkStreet LightsSidewalks Contingency Buyer to cooperate with seller 1031 Tax Exchange at no cost to buyer Current Financing Conventional Disclosures Oil RightsRent Control Electric Standard Electric Expense 1100 Fuel Expense 0 Garage YN No Gross Income 0 Gross Scheduled Income 62220 Insurance Expense 2731 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Maintenance Expense 250 Net Operating Income 53699 New Construction YN No New Taxes Expense 0 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 8521 Pest Control Expense 0 Pool Expense 0 Possession See Remarks Property Condition Turnkey Property Sub Type Quadruplex Rent Control YN Yes Security Features Carbon Monoxide Detector(s)Fire Rated DrywallFire Sprinkler SystemSmoke Detector(s)Security Lights Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Supplies Expense 0 Tenant Pays Cable TVElectricityGasTelephone Total Actual Rent 4 Trash Expense 2400 Utilities Cable AvailableCable ConnectedElectricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedSewer ConnectedWater AvailableWater Connected Water Sewer Expense 1440 Water Source Public Zoning LARD2



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-27T18:36:01.77. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.
 
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Desert Area Homes For Sale | Premier Properties
78115 Calle Estado #104
La Quinta CA, 92253
Listing Agent(s): Yvette Geater of Century 21 Masters (909-595-6697)